For those who do not wish to read, here are the crib notes:
- 2009 GDP -1% to -1.5%
- 2010 GDP 2.1% to 3.3%
- 2011 GDP 3.8% to 4.6% (if you buy that, I got a bridge to sell you)
- Unemployment 9.8% to 10.1%
- Only a modest decline in unemployment in 2010 to 9.5% to 9.8%
- 2011 unemployment 8.4% to 8.8%
- 2010 & 2011 inflationrates 1.5% to 1.7% (dilusional)
- Longer run inflation 1.7% to 2% (still dilusional)
Disclosure (“none” means no position):